A protester shouts “Rishi out!” as Rishi Sunak arrives at Downing Street.
Standing at the lectern outside his new home, he announces that he has accepted the King’s invitation to form a government.
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He takes a solemn approach, saying the country is “facing a profound economic crisis”, the aftermath of COVID “lingers” and Putin is presenting a threat in Ukraine.
Mr Sunak pays tribute to his predecessor Liz Truss, saying she was enthusiastic to create change, but “some mistakes were made”.
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He says they were not the result of “bad intentions”, but they were “mistakes nonetheless”.
“I have been made the leader of the party and your prime minister, in part, to fix them, and that work begins now,” he says.
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